While it was rumored that Charter said “no thank you” to Verizon’s estimated $100 billion merger offer earlier this year because it just wasn’t enough money, new reports suggest the rejection was actually because Charter wanted to go on its own shopping spree, snatching up Cox Communications. [More]
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Apple Sneaks Into Your Bed With Purchase Of Sleep-Tracking Firm Beddit
By 5.10.17
Apple wants to get in your bed — but just to track how you sleep: The tech giant acquired Beddit, a Finnish manufacturer of sleep-tracking devices. [More]
Volkswagen Reaches $157M ‘Dieselgate’ Settlement; Gets Approval To Sell Diesels Again
By 3.30.17 — Updated: 5.10.17
Volkswagen is inching closer to putting its “Dieselgate” scandal in the rearview mirror. The automaker has agreed to a $157 million settlement that will end lawsuits in 10 states, and it has been cleared to start selling diesels in the U.S. again. [More]
Walmart’s Jet.com Jumping Into Shoe Game With $70M Purchase Of ShoeBuy
By 1.5.17 — Updated: 3.15.17
Following the $3 billion purchase of Jet.com, Walmart is continuing its bid to boost online sales, this time by targeting customers’ feet with the $70 million purchase of shoe-tailer ShoeBuy. [More]
Snapchat Jumps Into Augmented Reality With $40M Purchase Of Israeli Start-Up
By 12.27.16
Those Snapchat lenses you use to turn yourself into a dog or into a rainbow-puking caricature could soon be a bit more detailed, as the company behind the quick messaging service has reportedly purchased an augmented reality startup based in Israel. [More]
How A Small Nebraska Town Figures Into The Cabela’s, Bass Pro Shops Deal
By 10.5.16
Some companies have distinct ties to their geographical roots, whether it’s Walmart and Bentonville, L.L.Bean and Maine, Hershey and, well.. Hershey, or Cabela’s and the small Nebraska city of Sidney. But now that the outdoor goods retailer has been snapped up by Bass Pro Shops for $5.5 billion, what will happen to this town of around 7,000 people?
[More]
Unilever Buys Seventh Generation. What About Honest Co.?
By 9.19.16
Days after Unilever was rumored to be discussing a deal to purchase The Honest Company — the line of household and personal care products co-founded by actress Jessica Alba — the company behind everything from Ben & Jerry’s to Vaseline added a different high-profile independent brand to its portfolio: The eco-friendly cleaning supply folks at Seventh Generation. [More]
Report: Monsanto Board Close To Approving Sale To Bayer
By 9.13.16
The third time could indeed be the charm with regard to Bayer’s pursuit of Monsanto with the Missouri-based seed company’s board reportedly meeting this week to discuss the $65 billion takeover bid that would create the world’s largest seed company. [More]
Bankrupt Aeropostale In Talks To Sell Company & Keep Brand Alive
By 8.8.16
After announcing last month that its planned reorganization under bankruptcy just wasn’t going to cut it, teen retailer Aeropostale began prepping to auction off its assets. Now, the company appears to be nearing a deal with a private equity firm. [More]
AMC Theaters Makes “Best & Final” Offer Of $1.2B For Carmike
By 7.25.16 — Updated: 3.1.17
Four months after AMC Theaters offered $1.1 billion to buy fellow theater chain Carmike Cinemas, the two companies have finally come together on a sweetened deal to appease shareholders. [More]
Report: Verizon Close To Finalizing $5B Deal To Buy Yahoo
By 7.22.16
Following three rounds of bidding from suitors across the board, Yahoo is reportedly ready to crown a victor in the auction of its core internet business. And rumor has it the winner is Verizon. [More]
Alaska Airlines To Buy Virgin America In $4B Deal
By 4.4.16
Virgin Alaska? Alaska American? Either of those — and other combinations — could soon be the fifth largest airline operating in the U.S. after Alaska Airlines agreed to acquire Virgin America in a deal valued at $4 billion. [More]
Snapchat Buys Bitstrips For $100M: Uniting Puking Rainbows & Cartoons Of Ourselves
By 3.25.16
Remember that brief, weird moment a few years back when your Facebook feed was suddenly full of just-ironic-enough comic strip versions of your friends? Well, now you’ll probably see that all over Snapchat, as the messaging app reportedly agreed to pay $100 million to acquire Bitstrips. [More]
Sherwin-Williams Buys Valspar For $11.3B, Will Really Cover The Earth
By 3.21.16
Simply walking past the paint aisle at your local home improvement store is enough to make many hearts race and palms go sweaty — what with all the choices. But those walls of swatches might belie the fact that many of those paint brands are owned by the same companies — and that industry could consolidate even further now that Sherwin-Williams has agreed to put itself in the mixing stand with Valspar for $11.3 billion. [More]
Mega-Beer Merger Clears Hurdle: SABMiller Sells Chinese Beer Brand For Bargain Price
By 3.2.16
The $107 billion merger of Anheuser-Busch InBev and SABMiller is a truly global affair, with the betrothed companies having to appease regulators on multiple continents. While the mega-deal still faces numerous challenges, it has cleared one huge hurdle with SABMiller agreeing to sell its half of China’s largest brewer for only $1.6 billion.
Verizon Expands Fiberoptic Reach With $1.8B Purchase Of XO Communications’ Network
By 2.22.16
Verizon’s mission to have the fastest wireless technology among wireless and communication providers got a $1.8 billion boost Monday when the company announced plans to lease spectrum from and acquire XO Communications’ fiberoptic network. [More]
Hasbro, Mattel Reportedly Talking About Making One Big Toy Company To End All Others
By 2.4.16
Imagine a world where G.I. Joe marries Barbie (or Ken) and then they both drive off in their Hot Wheels car to their My Little Pony ranch — and all these products come from the same company. It’s a possibility, with Mattel and Hasbro reportedly chatting about merging the contents of their respective toy chests.
[More]
BBB Says: "Anything With 'Gas' And 'Deal' Should Set Off Alarm Bells"
By 7.11.08
The BBB says the consumers should be wary of advertisements claiming to offer cheap gas for visiting a website. Paying $2.49 a gallon just for “clicking” sounds too good to be true– and it probably is.
